BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp cut its holdings in VEREIT Inc. (NYSE:VER) by 23.3% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 439,456 shares of the financial services provider’s stock after selling 133,799 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp’s holdings in VEREIT were worth $3,643,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also bought and sold shares of the company. BlackRock Inc. raised its position in shares of VEREIT by 1.4% in the 2nd quarter. BlackRock Inc. now owns 77,878,258 shares of the financial services provider’s stock worth $633,927,000 after acquiring an additional 1,087,580 shares in the last quarter. Cbre Clarion Securities LLC raised its position in shares of VEREIT by 5.4% in the 2nd quarter. Cbre Clarion Securities LLC now owns 38,947,554 shares of the financial services provider’s stock worth $317,033,000 after acquiring an additional 2,004,074 shares in the last quarter. CI Investments Inc. raised its position in shares of VEREIT by 0.9% in the 2nd quarter. CI Investments Inc. now owns 24,529,315 shares of the financial services provider’s stock worth $199,669,000 after acquiring an additional 220,300 shares in the last quarter. Glenview Capital Management LLC raised its position in shares of VEREIT by 5.9% in the 2nd quarter. Glenview Capital Management LLC now owns 17,946,243 shares of the financial services provider’s stock worth $146,082,000 after acquiring an additional 1,000,000 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its position in shares of VEREIT by 2.8% in the 3rd quarter. Dimensional Fund Advisors LP now owns 13,942,160 shares of the financial services provider’s stock worth $115,581,000 after acquiring an additional 375,844 shares in the last quarter. 85.28% of the stock is owned by hedge funds and other institutional investors.

Several research analysts have recently weighed in on the company. Zacks Investment Research lowered VEREIT from a “buy” rating to a “hold” rating in a research report on Saturday, November 18th. Stifel Nicolaus reissued a “hold” rating on shares of VEREIT in a research report on Wednesday, November 1st. Finally, ValuEngine raised VEREIT from a “hold” rating to a “buy” rating in a research report on Friday, October 6th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and five have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $9.81.

Shares of VEREIT Inc. (VER) traded up $0.02 during trading on Friday, reaching $7.90. The company had a trading volume of 7,071,600 shares, compared to its average volume of 8,515,591. VEREIT Inc. has a twelve month low of $7.44 and a twelve month high of $9.12. The company has a market cap of $7,676.92, a price-to-earnings ratio of 10.80 and a beta of 0.73. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.37 and a quick ratio of 0.37.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 16th. Investors of record on Friday, December 29th will be given a $0.138 dividend. This represents a $0.55 dividend on an annualized basis and a yield of 6.99%. The ex-dividend date is Thursday, December 28th. VEREIT’s payout ratio is -549.95%.

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VEREIT Profile

VEREIT, Inc is a full-service real estate operating company. The Company owns and manages a diversified portfolio of retail, restaurant, office and industrial real estate assets. It operates through two segments: real estate investment (REI) segment and its investment management segment, Cole Capital.

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Institutional Ownership by Quarter for VEREIT (NYSE:VER)

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